Shares of ViacomCBS and Discovery fell as much as 35% Friday, while US-listed shares of China's Baidu, Tencent Music, Vipshop and others also plunged this week.
JPMorgan lifted its S&P 500 target by 25% from current levels to 4,600 points for 2021. Strategists expect stocks that were most impacted by the COVID-19 pandemic to be the biggest beneficiaries of investor inflows next year. Most of the market upside will take place in the first six months […]
Shares of Carvana rose up to 32% on Tuesday after the company projected record performance in the third quarter in several categories including retail units sold and total revenue. Goldman Sachs upgraded its Carvana rating to “buy” and upped its price target to $US205 per share from $US178. Carvana is […]
Summary List Placement Christian Mueller-Glissmann, a portfolio strategist at Goldman Sachs, told CNBC on Wednesday that markets have been boosted to high valuations with the help of policy support. But he warned that those lofty prices make stocks more vulnerable, and will act as a “speed limit” in the future. […]
John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, said in a note on Monday that stocks at current levels are vulnerable to a pullback of 4% to 6%. This could enable nervous investors to take profits without FOMO, the strategist said. He added: “We are reminded that stocks tend […]
Mark Grant of wealth management firm B. Riley FBR told CNBC “the biggest concern for the markets, frankly, is the election.” The chief global strategist said there’s risk because of the distinct differences between the Democratic and Republican tax proposal plans. Grant suggests investors have more cash, buy ETFs that […]
Veteran strategist Ed Yardeni, who is usually known for his bullish predictions, thinks US stocks are overvalued right now, citing rising tensions with China, and spiking coronavirus cases. He told CNBC: “We’ve had a melt-up and that’s very visible in valuation multiples. Stocks are not cheap.” “Valuation is certainly a […]
Bank of America Merrill Lynch analysts project the S&P 500 will surge 6% in 2020, and a recent note detailed how investors can find the best stocks for the new year. Though the most important event of the year will be the 2020 US presidential election, changes in the US-China […]
FTSE 100, DAX, and the Euro Stoxx 50 are all up over 1% on Monday morning. Futures markets are also predicting a positive open in the US. Bounceback follows a sell-off in global markets last week. LONDON – European stock markets started the week on the front foot, rallying strongly […]
Global stock markets are selling off amid fears about tightening monetary policy from central banks. Goldman Sachs: The data is “fundamentally good.” We’ve rounded up the analyst reaction from big banks and trading houses. LONDON – Stock markets around the world have been tanking over the last 24 hours, following […]
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